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Background In 1979 the Federated States of Micronesia, a UN Trust Territory under US administration, adopted a constitution. In 1986 independence was attained under a Compact of Free Association with the US, which was amended and renewed in 2004. Present concerns include large-scale unemployment, overfishing, and overdependence on US aid. Population 107,154 (July 2010 est.) Government type 4 states; Chuuk (Truk), Kosrae (Kosaie), Pohnpei (Ponape), Yap Administrative divisions constitutional government in free association with the US; the Compact of Free Association entered into force on 3 November 1986 and the Amended Compact entered into force in May 2004 Independence Constitution Day, 10 May (1979) International organization participation light blue with four white five-pointed stars centered; the stars are arranged in a diamond pattern Economy - overview Market value of publicly traded shares tourism, construction; fish processing, specialized aquaculture; craft items (from shell, wood, and pearls) Agriculture - products NA% Industries 192 million kWh (2002) Industrial production growth rate 178.6 million kWh (2002) Electricity - production 0 kWh (2002) Internet country code 16,000 (2008)